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Türkiye's External Assets Increase, Liabilities Drop in March
(MENAFN) Türkiye's external assets reached $377.9 billion by the end of March, marking a 3.1% increase from the previous year, according to the Central Bank’s data released on Wednesday.
Meanwhile, the country's liabilities to non-residents stood at $648 billion, reflecting a decrease of 2.1% compared to March 2024.
The net international investment position (NIIP) – calculated as assets minus liabilities – stood at a deficit of $270.1 billion, a drop of 8.5% from last year.
Breaking down the assets, direct investments amounted to $73.3 billion, rising by 3%, while other investments totaled $143.8 billion, down 5.7%.
Reserve assets were valued at $156.5 billion in March, up 0.9% year-on-year, and portfolio investments hit $4.2 billion, a rise of 6.8%.
Foreign exchange deposits held by resident banks abroad rose significantly by 13.8%, reaching $44.8 billion.
In terms of liabilities, direct investments under liabilities dropped by 9.2%, totaling $165.1 billion, while portfolio investments fell 3.6% to $120.2 billion. On the other hand, other investments increased by 2.1%, totaling $362.7 billion.
Meanwhile, the country's liabilities to non-residents stood at $648 billion, reflecting a decrease of 2.1% compared to March 2024.
The net international investment position (NIIP) – calculated as assets minus liabilities – stood at a deficit of $270.1 billion, a drop of 8.5% from last year.
Breaking down the assets, direct investments amounted to $73.3 billion, rising by 3%, while other investments totaled $143.8 billion, down 5.7%.
Reserve assets were valued at $156.5 billion in March, up 0.9% year-on-year, and portfolio investments hit $4.2 billion, a rise of 6.8%.
Foreign exchange deposits held by resident banks abroad rose significantly by 13.8%, reaching $44.8 billion.
In terms of liabilities, direct investments under liabilities dropped by 9.2%, totaling $165.1 billion, while portfolio investments fell 3.6% to $120.2 billion. On the other hand, other investments increased by 2.1%, totaling $362.7 billion.
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